Citigroup plans 0.75% market-linked notes on basket of indexes, ETF

By Marisa Wong

Morgantown, W.Va., May 25 – Citigroup Global Markets Holdings Inc. plans to price 0.75% market-linked notes due Dec. 1, 2022 linked to a basket consisting of the Dow Jones industrial average, the Euro Stoxx 50 index and the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund, about equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable semiannually.

The payout at maturity will be par plus 100% to 110% of any basket gain.

If the basket falls, the payout will be par.

Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as dealer.

The notes will price on May 26.

The Cusip number is 17324CJF4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.